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According to theoretical models of valuing risky corporate securities, risk of default is primary component in overall yield spread. However, sizable empirical literature considers it otherwise by giving more importance to non-default risk factors. Current study empirically attempts to provide...
Persistent link: https://www.econbiz.de/10010899951
drop in investment and in the current account, in line with empirical evidence, only if the traded sector is more capital …
Persistent link: https://www.econbiz.de/10008855579
contractual relationships that link exports from Sub-Saharan Africa to China and investment by Chinese firms in Sub-Saharan Africa … combine trade, aid and investment, which may create 'lock-in' effects. China's trade and investment focus on the commodities …, especially in oil-exporting countries. Chinese investment, however, increasingly involves other sectors, such as the …
Persistent link: https://www.econbiz.de/10009353553
run contemporaneous elasticities of investment with respect to interest rate through the user cost and through debt …
Persistent link: https://www.econbiz.de/10010738572
adjustment costs on investment. …
Persistent link: https://www.econbiz.de/10010750394
Complicated neoclassical models predict that if investment is sensitive to current financial performance, this is a …, refers to the principle of "growth of the fitter" to explain investment-cash flow sensitivities as the workings of a healthy …
Persistent link: https://www.econbiz.de/10010750396
This paper presents a comparable set of results on the monetary transmission channels on firm investment (the interest … those countries,investment relationships are estimated explaining investment by its user cost, sales and cash flow.A first … result is that investment is sensitive to user cost changes in all those four countries. Thisimplies an operative interest …
Persistent link: https://www.econbiz.de/10010750630
In this paper we present comparable results on the determinants of firms' investment and their link to monetary policy …
Persistent link: https://www.econbiz.de/10010750645
This paper provides the explicit expression of investment facing a binding debt ceiling and the explicit expression of … of the parameterizations of these Lagrange multipliers used in Euler investment equations tests during the 1990's. …
Persistent link: https://www.econbiz.de/10010750720
This paper surveys issues with respect to the structural modelling of econometric tests of investment facing financial … is to provide conditions which support the interpretation of the sensitivity of investment to liquidity variables such as … cash flow as a measure of financial constraints. The structural modelling of investment facing financial constraints is …
Persistent link: https://www.econbiz.de/10010750831